Globalized Finance and Varieties of Capitalism [electronic resource] /
Zon, Hans van.author.
Hans van Zon analyzes the financialization of developed capitalism, and argues that the emergence of finance as a dominant force has contributed to the relative decline of the West. He demonstrates that the neo-liberal model is inherently unstable and undermines capitalist economies, which can only function if they are embedded in institutions that are non- or even pre-capitalist. He shows how a toxic combination of financialization, corporate globalization, and a deregulated and parasitic financial industry have led to structural economic stagnation in both the USA and the greater part of the EU.
Includes bibliographical references and index.
Hans van Zon analyzes the financialization of developed capitalism, and argues that the emergence of finance as a dominant force has contributed to the relative decline of the West. He demonstrates that the neo-liberal model is inherently unstable and undermines capitalist economies, which can only function if they are embedded in institutions that are non- or even pre-capitalist. He shows how a toxic combination of financialization, corporate globalization, and a deregulated and parasitic financial industry have led to structural economic stagnation in both the USA and the greater part of the EU.
The United States: casino capitalism unleashed -- The United States: the great financial crisis and its aftermath -- The variety of capitalism and neoliberalism -- European monetary union and freedom for capital -- The euro as a divisive force -- Globalization, financialization and US power -- The variety of capitalism after the great financial crisis -- Why did economists and neoliberals get it so wrong? -- Reclaiming sovereignty.
Political economy.
Economic policy.
International relations.
Finance, Public.
Macroeconomics.
Political theory.
International Political Economy.
Economic Policy.
International Relations.
Public Finance.
Macroeconomics/Monetary Economics//Financial Economics.
Political Theory.